Remember President Obama’s reference during his health care address to “Wall Street’s relentless profit expectations”? Well, those expectations were apparently met by that same address. Insurance company stocks got a boost from the speech, which foreshadowed the death of the public option and promised to deliver millions of currently “irresponsible” customers.

… [T]here will be no reform, and there was never going to be. Obama is going to “reform” America’s broken health care system the same way he has “reformed” the War on Terror and “reformed” Wall Street: by taking the existing policies and making them even worse.

My old Moscow Times colleague Matt Taibbi nails the reality of the situation to the wall in his latest Rolling Stone piece: Sick and Wrong. In addition to detailing the deliberately engineered failure of any genuine “reform,” Taibbi rightfully ties the health care debacle to the larger system failure of “the political entity known as the United States of America.”